Ideas for Teaching Tax Basics to Your Children

October 05, 2022 by First Federal Bank

Taxes are an essential part of finances. As you are teaching your children lessons on how to save, spend, and invest, it’s also important to include instruction on the least favorite, yet nonnegotiable part of money management — taxes. Here are a few ideas on how to teach your kids how the system works:

Topics: Financial Education, Family

A Beginner's Guide to Making a Will

August 31, 2022 by First Federal Bank

A will is a document that declares how your estate should be managed and distributed in the event of your death. Without having a will to guide them, your family members will have to spend time and energy divvying up your assets — often leading to additional stress and conflict during an already difficult time of mourning and grief. Here’s how you...

Topics: Financial Education, Family

How Grandparents Can Help Pay for College

August 17, 2022 by First Federal Bank

Even with scholarships, financial aid, and grants, a college education can be difficult to fund. If your grandchildren have dreams of a higher degree or your deepest wish is for them to pursue higher education, there are ways you can help plan for the future and ease the financial burden. These tips will help you help them continue their education...

Topics: Family

How to Open a Brokerage Account for a Child

August 03, 2022 by First Federal Bank

Teaching your kids about finances and smart money moves are invaluable lessons. These lessons can start at a young age with piggy banks and coins, grow with an age-appropriate allowance and tips on how to save and spend, and even include adult-level money management like investments. Under your supervision, you can introduce your child to the...

Topics: Financial Education, Family

5 Ways to Save on Your Next Vacation

August 01, 2022 by First Federal Bank

If you are ready to get away from the daily grind and recharge on a vacation, you know planning ahead is key, especially if you’re working with a limited budget. Here are a few tips to help you save money for your next vacation:

Topics: Financial Education, Family, Lifestyle

Best Ways to Save on Back to School Supplies

July 20, 2022 by First Federal Bank

Time flies, and in just a few short weeks, kids will be heading back to school! You know what that means - it’s time to stock up and save! These tips will help you get the most out of your school shopping this year:

Topics: Family

Should You Try Glamping on Your Next Vacation?

May 27, 2022 by First Federal Bank

Glamping is the pairing of glamour and camping, which seem to be two diametrically opposed notions. The first is about luxury, glitz, and the utmost relaxation, while the latter concerns itself with few creature comforts — although with a definite appreciation of the great outdoors. Mixing the two results in a one-of-a-kind experience that you can...

Topics: Family, Lifestyle

Advice for Teaching Your Child How to Use Checks

May 13, 2022 by First Federal Bank

Talking to your kids about finances is an ongoing conversation. Starting with saving coins in a piggy bank and earning an allowance to opening up a savings or checking account, budgeting for major purchases and investing for the future, there are many facets to your child’s financial education. Here is a closer look at teaching your child how to...

Topics: Personal Banking, Financial Education, Family

Making the Most of Your Staycation

May 02, 2022 by First Federal Bank

If you want to take a break without leaving your local area, a staycation is a great way to kick back and relax. Here are some helpful tips for making the most of your staycation for maximum enjoyment:

Topics: Financial Education, Family, Lifestyle

3 Unique Mother's Day Gift Ideas

April 29, 2022 by First Federal Bank

This Mother’s Day, if you’re looking for something as unique as your mom, consider these gift suggestions to brighten her day:

Topics: Family

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